Commercial Cutlery Market

Request Methodology

Commercial Cutlery Market Outlook (2023 to 2033)

The commercial cutlery market size is anticipated to rise from US$ 12.4 billion in 2023 and it is anticipated to surpass US$ 17.1 billion by 2033. The demand for commercial cutlery is expected to increase at a CAGR of 3.3% during the forecast period. Key factors projected to support market growth include:

With increased levels of individual or family spending power, fast food consumption likewise rises. Fast food is becoming more and more popular since it is convenient and palatable.
Due to people's propensity for quick meals at restaurants, hotels, cafés, and other establishments, there is a surge in the demand for commercial cutlery.
The market for commercial cutlery is growing as people become more aware of the infectious illnesses that may be spread via the frequent usage of silverware.
Takeout culture is booming as it benefits both restaurant owners and patrons by allowing them to enjoy their meals at home without taking up a lot of room.

Long-term, when things start to stabilize, buyers concentrate on acceptable commercial cutlery goods. The industry for commercial cutlery is currently taking into account changing its strategy, rationalizing its product lines, and assessing the sturdiness of its supply chains and network of routes to markets. Given that more people are turning to online purchasing due to the ongoing epidemic, eCommerce and distribution networks need to be streamlined and enhanced.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Latest Trends and Opportunities for Commercial Cutlery Manufacturers

To meet consumer demand and boost sales, manufacturing companies are anticipated to attempt to build up their operations as omnichannel businesses. The sales of commercial cutlery are likely to increase with a rise in the hospitality business, as it is a significant user of commercial cutlery, therefore the industry's rebound is anticipated to fuel growth.

Due to the increased penetration of fast-food restaurant brands like Subway, Taco Bell, Pizza Hut, and Domino's, the commercial cutlery market size is anticipated to increase. Fast food has become more popular in modern times since it is prepared, accessible, and delicious. The National Center for Health Statistics reports that youth are more likely to eat fast food, with 36.6% of the population doing so on any given day.

Attribute	Details
Commercial Cutlery Market Value (2023)	US$ 12.4 billion
Commercial Cutlery Market Forecast Value (2033)	US$ 17.1 billion
Commercial Cutlery Market CAGR (2023 to 2033)	3.3%
USA Commercial Cutlery Market Share (2023)	68.0%

Commercial Cutlery Market

Category-wise Insights

Which Product Segment Holds Dominance in Commercial Cutlery Market?

The stainless steel category is anticipated to exhibit the greatest CAGR of 5.7% from 2023 to 2033. Stainless steel is the most prevalent material used to make commercial cutlery. Knives made of stainless steel are long-lasting, simple to maintain, and corrosion-resistant. They are a fantastic choice for chefs who are conscious of their budget as they are also reasonably priced. It is simple to disinfect stainless steel. In an environment where food is prepared, hygiene is crucial, thus stainless steel also held a considerable share in the global commercial cutlery market.

Spoon Category Dominates, However, Fork Segment is Likely to Hold a Higher CAGR of 13.20% from 2023 to 2033

The spoon product category had the most revenue in 2022 and is anticipated to hold its position as the industry leader for the duration of the market projection. This is attributable to rising health concerns in nations like China and India as well as rising demand for flavored spoons. Additionally, it is anticipated that a rise in flours devoid of artificial chemicals would boost demand for cutlery in the United States.

However, the Fork category is anticipated to see the largest CAGR growth throughout the projection period due to improved design, form, and flavor along with a rise in customer desire for goods created with natural ingredients in nations like Canada.

High-end Restaurants Driving the Demand for the Commercial Cutlery

The adoption of commercial cutlery in upscale restaurants is expanding along with the food service sector. Using commercial cutlery has several benefits, including the following:

Commercial cutlery is made to resist severe usage and, with good maintenance, may last for several years.
Commercial knives are great for professional chefs who need to make precise cuts since their blades are often significantly sharper than those of domestic knives.
Due to their ergonomic form, commercial blades are frequently more pleasant to grip and use than domestic knives.
Using industrial silverware may offer a restaurant a more sophisticated appearance and feel, drawing in more affluent guests.

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Comparative View of the Adjacent Commercial Cutlery Market

Commercial Cutlery Market:

Attributes	Commercial Cutlery Market
CAGR (2022 to 2032)	3.3%
Market Value (2033)	US$ 17.1 billion
Growth Factor	The size of the commercial cutlery market is predicted to grow as a result of the growing penetration of fast-food restaurant brands like Subway, Taco Bell, Pizza Hut, and Domino.
Opportunity	Since the hospitality industry is a big user of commercial cutlery and is expected to grow when the industry recovers, sales of commercial cutlery are projected to increase.
Key Trends	Manufacturing companies are projected to try expanding their operations as omnichannel enterprises to match customer demand and increase sales.

Edible Cutlery Market:

Attributes	Edible Cutlery Market
CAGR (2022 to 2032)	10%
Market Value (2033)	US$ 94.41 billion
Growth Factor	Growing disposable wealth and increased health consciousness have spurred the demand for edible cutlery.
Opportunity	Edible cutlery manufacturers believe that a rise in vegans' demand for the product as well as the development of new flavors and varieties of flavored flours is likely to open up lucrative business opportunities.
Key Trends	Other factors that contribute to the industry's expansion include the introduction of new healthy flours and herbs by various market participants.

Commercial Tableware Services Market:

Attributes	Commercial Tableware Services Market
CAGR (2022 to 2032)	7.7%
Market Value (2033)	US$ 13.99 billion
Growth Factor	The demand for tableware services in the commercial sector has been largely driven by the increased acceptance of serving ware with considerable development in the food service and hospitality industries.
Opportunity	Commercial tableware services are becoming more widely used as a result of the development of self-service kiosks in restaurants.
Key Trends	Increasing societal trends that encourage communal meals, changing lifestyles, and shrinking disposable budgets have all led to an increase in demand for commercial tableware services.

Country-wise Insights

United States to Capture Largest Share in the Global Commercial Cutlery Market

In 2023, the USA commercial cutlery market is estimated to account for a 68% share, with a value of US$ 3.2 billion. The commercial cutlery business in the United States is developing quickly. This is caused by several things, one of which is the rising popularity of cooking competition shows. A growing portion of the Indian population has been migrating to nations like Canada and the USA, which has increased demand for commercial cutlery in the region of North America. There are several potentials for growth in the market for commercial cutlery as a result of the trend of opening restaurants, cafés, and small eateries that serve Indians in these nations.

People are getting increasingly eager to experiment at home as they are exposed to a wider variety of foods and cooking methods. As a result, there is now more demand for high-quality cookware and silverware. The increase in disposable money is another aspect fuelling market expansion. People are willing to pay more for longer-lasting, higher-quality goods when their disposable income increases.

United Kingdom to Leave Germany and France Behind and Lead the Europe Commercial Cutlery Market

With an estimated market value of US$ 1.1 billion in 2023, the United Kingdom commercial cutlery market is projected to hold a 22% share of the Europe region. Performance in the commercial cutlery industry in the United Kingdom is uneven. Others have found it difficult to compete with foreign producers, while other British businesses have been able to establish themselves as major suppliers of commercial cutlery.

The manufacturing of personalized cutlery is one industry in which United Kingdom commercial cutlery businesses have seen great success. Due to this, companies have been able to target a certain market and command high prices for their products.

Japan to Witness an Increase in Quality of Commercial Cutlery Production

The Japanese commercial cutlery market accounted for 18% of the Asia Pacific market in 2023, with a value of US$ 700 million. Japan is one of the top manufacturers of commercial cutlery, contributing a considerable share of the global supply. Due to its abundant production capacity and inexpensive labor, the nation currently controls a large portion of the industry and provides shops throughout the world with both high-end and budget-friendly alternatives.

Japanese commercial cutlery is often seen as low quality than products from Western nations, however, recent years have witnessed a noticeable increase in the country's workmanship. The nation's position as one of the leading providers of commercial cutlery is set to further strengthen as it continues to expand its production capabilities.

Korea Commercial Cutlery Manufacturers to Witness Numerous Growth Opportunities

Korea reportedly has become one of the fastest-growing regions in the commercial cutlery business. The demand for commercial cutlery has significantly increased in Korea due to the region's huge population, fast urbanization, and rising consumer disposable income. The market for commercial cutlery in Korea saw a fall as a result of COVID. However, the market has rebounded, and all commercial cutlery manufacturing and distribution operations are practically back to full capacity. The market is expected to have beneficial effects as a result of the higher pay rates for production workers. The commercial cutlery market in Korea is expected to be primarily driven by the hospitality industry.

Competitive Landscape

To influence customers' decisions and set their products apart from the competition, businesses are concentrating on producing items with distinctive textures, graphics (on-pack marketing), eye-catching colors, and creative concepts. For sweets, food tasting, hot and cold cuisine, as well as outdoor festivals and events, customers can utilize wooden cutlery. Providers of commercial cutlery solutions might take advantage of this chance by launching new product lines targeted exclusively at consumers who are concerned about the environment.

Furthermore, to boost profitability and strengthen their market position, players in the commercial cutlery sector have made new launches and acquisitions a fundamental part of their growth strategy. Additionally, players have focused on company growth to maintain their competitiveness in the international market Accordingly, the need for various types of commercial cutleries is likely to increase as nations make increasing expenditures in the development of office buildings, hotels, retail stores, malls, hospitals, and other commercial infrastructure.

A few dominant players in the market for commercial cutlery are:

One of the biggest producers of professional knives in the USA is Dexter-Russell, and many restaurants employ their goods. Another significant participant in the market for industrial cutlery is Victorinox, and many chefs choose their Swiss Army knives. German Company Wüsthof has been producing high-quality knives for generations, and many chefs adore their offerings. Although several smaller businesses provide high-quality items, these three dominate the market for commercial cutlery.

Recent Developments in the Commercial Cutlery Market

ReFork Industries, a company situated in Europe, said in 2020 that it had created a 100% biodegradable material that was being utilized to make cutlery goods in substitute of throwaway plastics.
For improved hygiene and sanitation, Pactiv LLC, a market leader in disposable cutlery products, offers a wide selection of wrapped cutlery.